Saturday, September 20, 2008

McCain Wants Health Care To Fail, Too

Paul Krugman reports on that:

OK, a correspondent directs me to John McCain's article, Better Health Care at Lower Cost for Every American, in the Sept./Oct. issue of Contingencies, the magazine of the American Academy of Actuaries. You might want to be seated before reading this.

Here's what McCain has to say about the wonders of market-based health reform:

Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation.

So McCain, who now poses as the scourge of Wall Street, was praising financial deregulation like 10 seconds ago — and promising that if we marketize health care, it will perform as well as the financial industry!

Of course one might argue that in the longer run McCain's policies would get us socialized health care faster than any alternative, after the markets inflame, erupt, explode and spill blood all over the participants. But given my next two posts below we wouldn't then get socialised medicine but medicine under National Socialism.